European Parliament set to hold inquiry into VW emissions scandal
BRUSSELS (Reuters) – The European Parliament plans to set up a committee to investigate Volkswagen’s emissions scandal and whether regulatory oversight of the car industry was too lax.
Apple’s stock dips as concerns mount about iPhone shipments
SAN FRANCISCO (Reuters) – Shares of Apple dipped on Wednesday on growing expectations that the consumer technology company may sell fewer iPhones next year than previously thought.
Rising U.S. interest rates likely to dent automakers’ earnings
(Reuters) – Rising U.S. interest rates could cut into car makers’ profit margins over the next year and eventually take some of the steam out of auto sales and car loans, analysts say.
As end of Fed’s ‘free money’ nears, consumers still likely to spend
KOKOMO, Ind. (Reuters) – Judged by how long it has been going on, the current U.S. economic expansion should be on its last legs, but the mood in this rebounding heartland auto town would not show it.
House Democrats to seek testimony from Valeant in coming weeks
WASHINGTON (Reuters) – Democrats on a U.S. House of Representatives panel are planning to call Valeant Pharmaceuticals Chief Executive Michael Pearson to testify in early 2016 about steep price hikes for some of the company’s drugs, a Democratic aide s…
Volkswagen to suspend production in Dresden during plant’s restructuring
BERLIN (Reuters) – Volkswagen will suspend production at its factory in the German city of Dresden during the plant’s restructuring, a labor representative at the carmaker said on Wednesday.
Google CEO touts India as key testing ground for new products
NEW DELHI (Reuters) – New Google leader Sundar Pichai pledged on Wednesday to use India as a testing ground for its products as the U.S. tech giant targets hundreds of millions of consumers in the developing world set to move online in the next few yea…
German lobby group says excess emissions detected in Mercedes model
BERLIN (Reuters) – German environmental lobby group DUH turned on carmaker Daimler on Wednesday, saying test results had shown nitrogen oxide emissions from one of its Mercedes diesel models far exceeded European legal limits.
China central bank sees economic growth slowing to 6.8 percent in 2016
BEIJING (Reuters) – China’s annual economic growth is likely to slow to 6.8 percent next year from an expected 6.9 percent this year, the People’s Bank of China said in a working paper published on Wednesday.
Daimler calls emissions results cited by German lobby ‘questionable’
BERLIN (Reuters) – Car maker Daimler described as “questionable” results of emissions tests from one of its Mercedes diesel models cited by German environmental lobby group DUH on Wednesday.
